Blog

The physical silver bullion market is seeing a “perfect storm” brewing according to an article replete with some recent videos about the silver market by Rory Hall of the precious metals website, The Daily Coin. From the Daily Coin:Silver has been money longer than gold. Silver is called the “people's money”, while gold is called the “money of kings”.In the U.S., silver was an integral part of our monetary system until 1964 when it was gradually removed from coins. This change has not slowed the depletion of above ground silver stocks, nor has it changed the volume of silver being [...]

A recent report by Dundee Capital Markets highlighted Trevali Mining Corporation (TSX:TV) recent news of results from four new drill holes of its ongoing 2016 underground exploration drill program at the Santander zinc mine in Peru. As quoted in the report: Event: Results from four new drill holes at Santander Impact: Positive – drilling continues to intersect multiple massive sulphide zones in both the main Magistral North body and the recently discovered Oyon mantos zone.  The intercepts are close to existing mine infrastructure and will be quickly incorporated into the near term (2016-2017) mine plan, with no significant incremental capex requirements.  [...]

Martin Wolf writing in the Financial Times has warned that there will be another financial crisis given the nature of the modern fractional reserve banking and financial system. Wolf asks whether there will a “another huge financial crisis” and then answers his question by saying that there will be and warns that banks “are designed to fall. So fall they surely will.”He warns that a system built on making promises it cannot keep is bound to crash, and crash again:Will there be another huge financial crisis? As Hamlet said of the fall of a sparrow: “If it be now, 'tis not to come. If it be [...]

Visitors paying their respects to fallen servicemen this Memorial Day weekend might observe that the headstones of certain graves have got coins on top of them. These coins, left by previous visitors to the grave, have unique meanings when left on the gravestone of someone killed while serving in the military, and those meanings vary based on the coins' denomination. According to fact-checking website Snopes.com, leaving a coin on a new gravestone is meant as a message to the deceased soldier's family members that someone had visited the grave to cover their respects. Leaving a cent implies that you visited [...]

So far, the silver price has made significant gains in 2016-rising 12.94 percent for the year by $1.82 to $15.90 an ounce as of June 1st-but some insiders are saying the metal could potentially reach $1,000 an ounce. Keith Neumeyer, president and CEO of First Majestic Silver (TSX:FR) recently explained why he believes the silver price will boom, and it's tied to the gold price exploding as well. In an interview with Future Money Trends, Neumeyer said that he is a “big bull” on gold, and that he expects to see a major reset on the world. “I think in the upper circles [...]

Orex Minerals (TSXV:REX) has announced that the Phase-II diamond drilling program is complete on the Sandra Escobar Project in Durango, Mexico. Assays for eight more drill holes are now available. As quoted in the press release: Highlight for this batch of holes is SA-16-038 in a step-out hole, 350 metres west of the Main Zone, which yielded 46 metres core length (26 m true thickness) grading 156 g/t silver, starting from surface. Within this is a sub-interval of 8 metres (4.5 m true thickness) grading 282 g/t silver. Two test reconnaissance holes, SA-16-037 and 038, were drilled in the Burro [...]

The silver price is set to surge 800% or “ninefold” in the coming years due to global industrial and technological demand, the “gadget boom” and tight supplies according to a leading mining executive, of First Majestic Silver Corporation. Silver “supply concerns” could “boost the metal's price ninefold”, according to the CEO of the best-performing producer of the metal as reported by Bloomberg.Neumeyer, the E&Y Mining Entrepreneur of the Year 2011 said that a major Japanese electronics maker had approached First Majestic Silver Corp. for the first time last month seeking to lock in future silver stock:“For an electronics manufacturer to come directly to [...]

The much anticipated fourth installment of the D. Brent Pogue Collection auctioned by Stacks Bowers is now in the record books with total prices realized to the tune of $16,749,038. This brings the cumulative total of the collection to well over $85 million and there are still additional coins to be sold in the future. The many record prices started off early, with the eighth lot, the XF45 1839 Small Letters half dollar (a coin we featured in a previous writing) soaring past its high estimate to hammer for $76,375. Two lots later came the population one 1839-O half graded [...]

MONTRÉAL, QUEBEC–(Marketwired – May 31, 2016) - Sphinx Resources Ltd. (“Sphinx” or the “Corporation”) (TSX VENTURE:SFX) is pleased to announce the execution of an option and joint venture agreement with SOQUEM INC. (“SOQUEM”) granting SOQUEM the option to acquire an undivided 50% interest in its Calumet-Sud zinc project (the “Project”). Upon the exercise of the option, a joint venture would be created between Sphinx and SOQUEM. Execution of this agreement follows a letter of intent signed in early 2016 (see press release dated February 2, 2016). Under the terms of this agreement SOQUEM can acquire a 50% interest in the [...]

BREXIT gold diversification is taking place due to concerns about the BREXIT vote on June 23rd as “smart money” institutions, banks and investors diversify into non negative yielding gold. One of the oldest private banks in the world, Berenberg, established in 1590 and with assets under management of €40 billion said in an interview that demand for precious metals should see prices “rebound by as much as 40 percent in the next two years to a level last seen in October 2012” according to Bloomberg:Joh. Berenberg Gossler & Co. plans to increase its holdings of gold and other precious metals, betting [...]